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the real condition here is will president obama make a new deal for any deal that could be gotten done. >> i just tweeted that out, you nailed, it eamon. lots of finger-pointing an complaining and sour grapes going on and very little in the way of compromise talk. thanks very much. continue to monitor the situation and get back to you, if we need to. >> in the meantime, what does all this wringling. >> and harry reid going at it with senator mcmcconnell. we'll talk to outgoing kay bailey hutchison and get her take. what is she hearing? will we get a deal or not. >> also ahead, does the tax code untearily penalize investors over borrowers. someone here says absolutely, and he warned it's going to get worse once we go over the clip. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male
the real condition here is will president obama make a new deal for any deal that could be gotten done. >> i just tweeted that out, you nailed, it eamon. lots of finger-pointing an complaining and sour grapes going on and very little in the way of compromise talk. thanks very much. continue to monitor the situation and get back to you, if we need to. >> in the meantime, what does all this wringling. >> and harry reid going at it with senator mcmcconnell. we'll talk to outgoing...
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Dec 29, 2012
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president obama asked the senate leaders to try to make a deal. we'll get more on all of it from washington next. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> welcome back to "the kudlow report." i'm michelle caruso-cabrera in for larry kudlow. we continue to wait for a fiscal deal. president obama has punted the decision to the senate asking them to come up with a deal. the markets don't like it. they sold off today during the after-hours session and stocks are getting hammered. we haven't seen anything from president obama on the deteriorating
president obama asked the senate leaders to try to make a deal. we'll get more on all of it from washington next. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive....
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Dec 28, 2012
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we have to deal with the reality. it's about spending. it's about the debt and when the president's proposal, original proposal would produce, what, about $80 billion next year? that would just cover the incremental increase in interest costs on our debt. we're avoiding the truth. we're avoiding the reality and that's why a lot of us are very cranky about some of the let's do a patch work, let's push it off into the future because we're going to crash and burn under our own debt. >> if you're cranky, think about how the american public feels right now, congressman. they are very cranky that you folks have not been able to make any seeming head way, either on the spending side, which i agree with you is the truly important one that we have to address. >> exactly. >> or on the tax side. but nobody seems to have moved this ball very far forward unless i and everybody else is missing a heck of a lot. on the spending side, what precise specific spending cuts would you like to see and could you buy into, any spending cuts of the defense establi
we have to deal with the reality. it's about spending. it's about the debt and when the president's proposal, original proposal would produce, what, about $80 billion next year? that would just cover the incremental increase in interest costs on our debt. we're avoiding the truth. we're avoiding the reality and that's why a lot of us are very cranky about some of the let's do a patch work, let's push it off into the future because we're going to crash and burn under our own debt. >> if...
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Dec 27, 2012
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president obama and congress return to work today with little progress seen on a deal to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fiscal cliff talks make it difficult to forecast next year's budget. among the measures treasury will take including suspendin
president obama and congress return to work today with little progress seen on a deal to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is...
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Dec 22, 2012
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first of all, obama basically said in ten days we can get a deal, it sounds like a small deal, 250,000 is the middle class threshold after mr. boehner's plan "b" got defeated. is such a thing possible? or will we have to wait until the new year? >> we're probably going to have to wait until the new year, unless, of course, president obama comes back with this new plan -- the original plan that he had, which as you mentioned the $250,000 threshold. the fact is that boehner and obama's proposals really aren't that far apart right now. president obama wants $1 trillion in new taxes, john boehner has said he's willing to give $1 trillion. obama said he wants $800 billion in spending cuts, same thing for boehner. but the difference comes with the once again, the tax threshold. president obama originally said he would be willing to go with the $400,000 tax threshold. and as boehner said going off obama's words, he was willing to do it at $1 million. it comes down to what that threshold is. >> karen finney, i want to ask you about the same question, this ten days business. but i also want to
first of all, obama basically said in ten days we can get a deal, it sounds like a small deal, 250,000 is the middle class threshold after mr. boehner's plan "b" got defeated. is such a thing possible? or will we have to wait until the new year? >> we're probably going to have to wait until the new year, unless, of course, president obama comes back with this new plan -- the original plan that he had, which as you mentioned the $250,000 threshold. the fact is that boehner and...
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see, in this market, it fell down after obama got reelected, but then it's been working its way back up. the fact is that i think a deal will get done and the key part is avoiding incomes under 250,000 and that's probably what they're going do. >> why is that market participant or are you speaking politically there? >> no, i'm speaking as a market participant because the spending for income for people under 250,000 in income is an important economy and that part of the economic spectrum and what they have in their pocket affects what they spend. >> and i get your point. we're a consumer-driven economy. broadway an kelly, your assessment about what happens if we don't get a deal? what happens in the markets? >> i think you saw it this morning and it looked like we're doing a full cliff dive and the market started to tank. i agree with the consumer. look at the consumer con if ied thens morning and that was driving this economy. we had consumer confidence at five-year highs and it was awful and all due to this uncertainty over the cliff. so if we can get some kind of deal that would be
see, in this market, it fell down after obama got reelected, but then it's been working its way back up. the fact is that i think a deal will get done and the key part is avoiding incomes under 250,000 and that's probably what they're going do. >> why is that market participant or are you speaking politically there? >> no, i'm speaking as a market participant because the spending for income for people under 250,000 in income is an important economy and that part of the economic...
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even if we get a deal, what does this mean? it's a minimalist quick fix. it's not a debt and deficit grant grand bargain solution which obama and boehner were talking about weeks ago and it's probably not going to involve solving the debt ceiling problem. and, of course, we all saw what happened 18 months ago over the debt ceiling. it dragged on and on. bottom line, whatever happens in the next few days, markets, corporate america and consumers in america are probably going to have to deal with continued fiscal wrangling' in washington for weeks and weeks and weeks. >> we're going to talk more about the fiscal cliff and later on in the show. just coming back to europe for a second or touching on europe -- >> even more boring. >> because i'm quite looking forward to next year and i'm looking forward to hoping that we're not going to be sitting on politicians the same way we have over the last year, two years, looking at every single line that comes out of therefore mouths. i'm hoping we're going to see march of a sense of normality coming back into the euro
even if we get a deal, what does this mean? it's a minimalist quick fix. it's not a debt and deficit grant grand bargain solution which obama and boehner were talking about weeks ago and it's probably not going to involve solving the debt ceiling problem. and, of course, we all saw what happened 18 months ago over the debt ceiling. it dragged on and on. bottom line, whatever happens in the next few days, markets, corporate america and consumers in america are probably going to have to deal with...
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Dec 28, 2012
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the house will be back in session on sunday to try to deal with the issue. we haven't had enough time, you know, two years. when is the last time we had a budget? >> harry reid was just -- wasn't he great yesterday talking about mitch mcconnell and the republicans? no budget. >> and more than 14,000 longshoremen could go on strike this weekend because of a contract dispute. a walkout would close cargo ports. some estimates say a strike could cost the economy $1 billion a day. which would add up. it would kind of counteract the 85 billion. but bernanke is doing 2 billion a day, right? >> more. >> 2.5, yeah. so that would take away -- we could easily rachet it up. unless the printing presses overheat at that point. let's check on the markets this morning. the futures were indicated lower based on angst. there it is worse. it was down 40 earlier, not out 62. they were down 150 at one point. came back down to 18. we're somewhere. >> between there. let's check out some of these other boards that maybe we missed in the last hour. europe, europe is even moving on a
the house will be back in session on sunday to try to deal with the issue. we haven't had enough time, you know, two years. when is the last time we had a budget? >> harry reid was just -- wasn't he great yesterday talking about mitch mcconnell and the republicans? no budget. >> and more than 14,000 longshoremen could go on strike this weekend because of a contract dispute. a walkout would close cargo ports. some estimates say a strike could cost the economy $1 billion a day. which...
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they want a two-year deal because no one wants to keep running on this stuff. and most importantly, to president obama, he has a state of the union and an inauguration speech to give. he wants to work on his legacy, not on this. >> so what -- you just said that the republicans really did just play right into the hands of the democrats. is that what you said? >> well, i think they fumbled the ball a little bit in their negotiations. i think, for example, even the optics of it, having president obama back in washington today, and having congress still out, is not the right message to end. people right now feel that the republicans are the party of no, that they are the ones causing this, they are going to get blamed. the fact of the matter is, is that they are doing the fiscal responsible thing here and that's where they can hang their hat. is that they have to hold on for deficit spending, and they still have the debt ceiling to hold in their back pocket if they need to. >> so what would, if you had been advising boehner, what would you advise him to say yes to?
they want a two-year deal because no one wants to keep running on this stuff. and most importantly, to president obama, he has a state of the union and an inauguration speech to give. he wants to work on his legacy, not on this. >> so what -- you just said that the republicans really did just play right into the hands of the democrats. is that what you said? >> well, i think they fumbled the ball a little bit in their negotiations. i think, for example, even the optics of it, having...
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. >> all the big deal, boehner and obama tried to do last year, still have to do that, simpson boles-type thing. >> by what the secretary of the treasury said yesterday. >> right. >> thank you for being here. >> bromance. a lot of fun. make sure you join us tomorrow. "squawk on the street" begins right now. >>> good thursday morning, welcome to "squawk on the street" live from the new york stock exchange, i'm carl kin ten nia with melissa lee, cramer and neighborer are off today but we are joined by dennis. good morning to you dennis, thanks for coming in. futures today, a lot to deal with as you probably know. the fiscal cliff headline watch continues. you just heard john kanas say the market not too concerned. futures up 21 points. decent data out of europe, we will talk about in a minute what a day for the asian markets again. also coming up. our road map begins at andrews air force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the market fade if there's no news to
. >> all the big deal, boehner and obama tried to do last year, still have to do that, simpson boles-type thing. >> by what the secretary of the treasury said yesterday. >> right. >> thank you for being here. >> bromance. a lot of fun. make sure you join us tomorrow. "squawk on the street" begins right now. >>> good thursday morning, welcome to "squawk on the street" live from the new york stock exchange, i'm carl kin ten nia with...
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drone war at home for deals to build unmanned aircraft for domestic use. the faa says there could be 30,000 uavs in u.s. skies by 2020. the teal group says domestic drones could be worth $89 billion over ten years, as everyone from homeland security to tmz wants permission to use them. >>> let's get some more insight on the defense skprkt how to play it as the fiscal cliff deadline grows closer. howard rubel is with jeffries. great to speak with you. and i guess key to understanding the impact on these individual stocks, as jane had pointed out in her piece, is to understand which programs might be protected, even with budget cuts that the industry is facing. the f-35, for instance, is one that might be protected. walk us through. which ones had the most protected streams of revenue? >> frankly, many of them do at the moment, because the pentagon has been very busy signing production contracts to get under the wire of the sequester. >> so, for instance, the general dynamics deal that was selling to the navy for the submarine, those funds are, in fact, prot
drone war at home for deals to build unmanned aircraft for domestic use. the faa says there could be 30,000 uavs in u.s. skies by 2020. the teal group says domestic drones could be worth $89 billion over ten years, as everyone from homeland security to tmz wants permission to use them. >>> let's get some more insight on the defense skprkt how to play it as the fiscal cliff deadline grows closer. howard rubel is with jeffries. great to speak with you. and i guess key to understanding...
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i don't think it's a big deal that we have to work this weekend. >> it's not a big deal and you should all be working this weekend. listen, a few weeks ago it looked like speaker boehner and president obama were pretty close on a grand bargain. maybe not as big as should would hope. it looked like the president was saying, we'll raise that top rate and offer some entitlement reform. social security changes, cpi. some talk of raising the medicare eligibility age. now because of where we're at do you feel that the folks on the far right of your own party by not supporting the speaker have ended up undercutting their position and ultimately will get less of a good deal on issues they care about than they might have gotten otherwise? >> i think the country has missed a huge opportunity to solve the nation's problem and instead whatever comes out of the senate will be small ball, kick the can down the road. that's unfortunate because this is a big problem. i don't think the president and speaker were real close so i don't think my conservative colleagues have screwed anything up because the
i don't think it's a big deal that we have to work this weekend. >> it's not a big deal and you should all be working this weekend. listen, a few weeks ago it looked like speaker boehner and president obama were pretty close on a grand bargain. maybe not as big as should would hope. it looked like the president was saying, we'll raise that top rate and offer some entitlement reform. social security changes, cpi. some talk of raising the medicare eligibility age. now because of where we're...
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Dec 23, 2012
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which president obama didn't want to appoint and pay attention to, that's front and center. the blueprint for how we move on. these two guys took on a task that was a fool's errands we thought, what happens to the commissions, nothing. we go back to them. >> let's talk about the die nam in this case between senator reid and mcconnell. can they come up with something up with something that the senate would pass and also something the house would pass? >> they have to try by new year's eve here. >> three days, four days. >> interesting that senator reid said he would like neal abercrombie to appoint the replacement for daniel anyway. reid thinks he'll need that vote. they'll probably move it, but we have a senate sort of chapter here before new year's eve and then it goes back. i'm not optimistic about either. i think it has gotten harder on both scores. >> the vast majority of republicans are kind of barricaded into safe districts. they are largely immune to the democratic currents that made it so hard to win the white house. you have democrats who kind of look at this and sa
which president obama didn't want to appoint and pay attention to, that's front and center. the blueprint for how we move on. these two guys took on a task that was a fool's errands we thought, what happens to the commissions, nothing. we go back to them. >> let's talk about the die nam in this case between senator reid and mcconnell. can they come up with something up with something that the senate would pass and also something the house would pass? >> they have to try by new...
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Dec 30, 2012
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we're dealing with tens of trillions of dollars in unfunded liabilities, in four years obama has done nothing on entitlement reform. nothing for four years. what has he done? chirped about raising taxes on rich people. raising taxes on rich people is what obama talks about instead of doing his job. there are two costs to this. one, if you take money out of savings and investment, which is what you're doing with this, it doesn't help, it reduces the incentives to save, invest and work and the other thing you do is you never get to reform government entitlements. >> that's not causal. >> it is, absolutely. >> that's not really. >> you live in new york i live in d.c., washington, this is all causal. the reason he's talking about tax increases is to avoid the conversation and dealing with spending restraints. that's why obama does what he does. >> the reason i doubt that, grover, is because we've all done the math and we all absolutely agree on the math that you can't get out of the deficit hole we're in by taxing rich people even if you tax them at 100%. everybody know knows that. so whe
we're dealing with tens of trillions of dollars in unfunded liabilities, in four years obama has done nothing on entitlement reform. nothing for four years. what has he done? chirped about raising taxes on rich people. raising taxes on rich people is what obama talks about instead of doing his job. there are two costs to this. one, if you take money out of savings and investment, which is what you're doing with this, it doesn't help, it reduces the incentives to save, invest and work and the...
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Dec 30, 2012
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friday though, president obama said that he was optimistic that the two sides could reach a deal. this morning, he sounded less positive though. >> if, you know, if people start seeing that on january 1st, this problem still has not been solved, that we haven't seen the kind of deficit reduction that we could have had, had the republicans been willing to take the deal they gave them, and if they say that people's taxes have gone up which means consumer spending will go down. >> and keep in mind that the senate is the first hurdle. any deal has to pass the house. we are not into the senate yet and the republican speaker john boehner plablamed the crisis one president saying he the one who has never found a way to say yes. >> so you are in new york and i'm in atlanta, and we get to washington now, because the senior congressional correspondent dana bash is closely following the negotiations from capitol hill, and dana, you have been there and talking to people, and where are we on this? >> well, the senate majority leader harry reid was on the floor moments ago saying that the senat
friday though, president obama said that he was optimistic that the two sides could reach a deal. this morning, he sounded less positive though. >> if, you know, if people start seeing that on january 1st, this problem still has not been solved, that we haven't seen the kind of deficit reduction that we could have had, had the republicans been willing to take the deal they gave them, and if they say that people's taxes have gone up which means consumer spending will go down. >> and...
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. >>> the president will continue to plead his case for a deal today. he's making his first appearance on a sunday talk show in more than three years. he's on nbc's "meet the press." mr. obama is expected to call for an immediate vote by congress on a scaled-back plan that would only extend middle class tax breaks and unemployment benefits if the congressional negotiations fail. >>> fears over the fiscal cliff are weighing heavily on u.s. stocks, which posted five straight days of losses. the dow had a triple-digit loss on friday. the nasdaq and s&p 500 entered the day and week in the red. i spoke with one wall street trader about mow a deal could help the markets get back in the green. >> listen, if we get a deal and we get a deal that's substantive and realistic and that the market believes, i think the market will rally back and certainly rally back to the 1425, 1440 level. they won't go back it to 1475 unless they pull the complete rabbit out of the hat. i don't think that will happen. the market will certainly rally. you can feel it. every time one
. >>> the president will continue to plead his case for a deal today. he's making his first appearance on a sunday talk show in more than three years. he's on nbc's "meet the press." mr. obama is expected to call for an immediate vote by congress on a scaled-back plan that would only extend middle class tax breaks and unemployment benefits if the congressional negotiations fail. >>> fears over the fiscal cliff are weighing heavily on u.s. stocks, which posted five...
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did president obama say either you come up with a deal or put my deal to a vote? because we're not going to come together ideologically at that meeting. >> no. and they're not unrealistic about that. the president lays out what he thinks he can get done, which is this 250 and, you know, whether there's wiggle room up to 400 and now that might not even happen, maybe, is what kevin is saying. and then unemployment benefits, an extension of that, and, you know, patch the amt. these are things he wants. and, you know, senator mcconnell, what can you do is, you know, the understanding of how this plays out. and senator mcconnell -- you know, they say, listen, we're going to take it up between us. let senators reid and mcconnell really resolve this together. and those are, as i said, two men who know how to work things out. speaker boehner stepping out of it at this point because he has not been able to produce a deal to date and it's not on his shoulders. and nancy pelosi is the one who's going to have to car ray lot of this weight if it gets anywhere in the house beca
did president obama say either you come up with a deal or put my deal to a vote? because we're not going to come together ideologically at that meeting. >> no. and they're not unrealistic about that. the president lays out what he thinks he can get done, which is this 250 and, you know, whether there's wiggle room up to 400 and now that might not even happen, maybe, is what kevin is saying. and then unemployment benefits, an extension of that, and, you know, patch the amt. these are...
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on the part of my republican friends, that you know, take the deal. you know, they will be able to claim that they have worked with me over the last two years. to reduce the deficit more than any other deficit reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the chart, it's been choppy, but it looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. and we've been saying the 2013 could be the year of a real economic renaissance in the united states or at least the beginning of one. talk to me about the consequences to our prosperity if washington doesn't reach a deal. >> the consequences are not good. so what the numbers are telling you is that the private sector is healing. and if the private sector were left to its own devices, it would heal faster. unfortunately, washin
on the part of my republican friends, that you know, take the deal. you know, they will be able to claim that they have worked with me over the last two years. to reduce the deficit more than any other deficit reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the...
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as president obama wants it, he wants it up to folks earning $250,000, and also wants to deal with unemployment insurance getting that he can extended for unemployed americans but that bigger stuff kicked down the road. >> brianna, will americans actually see their paychecks affected january 1st without a deal? >> reporter: if no deal, that is not expected. technically, the tax hikes would go into effect then, don. but there would be a whole lot of pressure on washington to act, even if we were to go over the fiscal cliff. and because of that, payroll processors would wait to use the new math, if you will. and a lot of people wouldn't see an increase in the taxes taken out of their paychecks until late january or early february when it was clear that the fiscal cliff was here to stay. >> brianna, i am not by nature a jealous person at all. but are you in waikiki? is that waikiki? because i was just there for thanksgiving. >> reporter: not too bad, huh? >> i'm hating you to so much right now. congratulations on that assignment. brianna keilar. protests in the streets. police turned water can non
as president obama wants it, he wants it up to folks earning $250,000, and also wants to deal with unemployment insurance getting that he can extended for unemployed americans but that bigger stuff kicked down the road. >> brianna, will americans actually see their paychecks affected january 1st without a deal? >> reporter: if no deal, that is not expected. technically, the tax hikes would go into effect then, don. but there would be a whole lot of pressure on washington to act,...
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president obama as reported is in his native hawaii. before leaving washington, president obama urged congress to pass a mini plan that would preserve middle class tax rates. brianna keilar joins us live from hawaii. what do we think will happen as the holiday week rolls out? >> reporter: well, and don, we should probably say where our senate majority leader harry reid and senator mcconnell, the republican leader in the senate, because now all eyes turn to the senate. they're set to come back to town on the 27th. that is thursday. and at this point there are a number of options for some sort of bill that senate majority leader harry reid could put on the floor, but right now it appears democrats in the white house are pushing for something that still concentrates on making sure that income tax rates for those making a quarter million dollars or less don't go up. that said, it's really hard to see how at that rate senator mcconnell might allow some republican senators to support it or that some republican senators would even want to jump
president obama as reported is in his native hawaii. before leaving washington, president obama urged congress to pass a mini plan that would preserve middle class tax rates. brianna keilar joins us live from hawaii. what do we think will happen as the holiday week rolls out? >> reporter: well, and don, we should probably say where our senate majority leader harry reid and senator mcconnell, the republican leader in the senate, because now all eyes turn to the senate. they're set to come...
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on the part of my republican friends th that, you know, take the deal. they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package. >> the ceo of pimco, one of the world's largest investors in bonds. mark standee is chief investor at moody's. and christine romans, host of "your bottom line." gdp, the broadest measure of the economy grew at an annual rate of 3.1% over the summer. we just got those numbers this week. that's more than double the rate of previous quarter. you can see the chart there. it's been choppy but looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. we've been saying that 2013 could be the year of a real economic renaissance in the united states or at least the beginning of one. so talk to me about the consequences to our prosperity if washington doesn't reach a deal. >> the consequences are not good. so what the numbers are telling you is that the private sector is healing. if it were left
on the part of my republican friends th that, you know, take the deal. they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package. >> the ceo of pimco, one of the world's largest investors in bonds. mark standee is chief investor at moody's. and christine romans, host of "your bottom line." gdp, the broadest measure of the economy grew at an annual rate of 3.1% over the summer. we just got...
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Dec 22, 2012
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tonight, president obama urged congress to broker a scaled-down deal. >> i just spoke to speaker boehner and i also met with senator reid. in the next few days i've asked leaders of congress to work toward a package that prevents a tax hike on middle-class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> yesterday the house speaker john boehner failed to garner enough support from his own party to even hold a vote on his plan to raise taxes for those with an income over $1 million. >> while we may have not been able to get the votes last night to avert 99.81% of the tax increases, i don't think -- they weren't taking that out on me. they were dealing with the perception somebody might accuse them of raising taxes. >> chief white house correspondent jessica yellin, senior congressional correspondent dana bash, nice to see both of you. jess character the president's message was very short and sweet and kind of basic. what do you thin
tonight, president obama urged congress to broker a scaled-down deal. >> i just spoke to speaker boehner and i also met with senator reid. in the next few days i've asked leaders of congress to work toward a package that prevents a tax hike on middle-class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> yesterday the house...
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Dec 22, 2012
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obama and house speaker john boehner both expressed hope that a deal will actually get done. >> we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle that the fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work. and more americans on -- how we get there, god only knows. >> i asked for a compromise from members of congress, i met them more than halfway on spending and met them halfway on taxes. in terms of actual dollar amounts, we're not that far apart. as of today, i am still ready and willing to get a comprehensive package done. >> but time is running out. to reach an agreement, there are now just ten days left until automatic tax hikes and spending cuts do take effect. the s&p 500 and the nasdaq finished in some negative territory for the day. investors fear the country could slide back into recession if there's no deal to prevent automatic tax hikes and spending cuts. >>> staying in washington, senator john kerry is in line for a new job. president obama officially
obama and house speaker john boehner both expressed hope that a deal will actually get done. >> we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle that the fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work. and more americans on -- how we get there, god only knows. >> i asked for a compromise from members of congress, i met them more than halfway on spending...
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Dec 27, 2012
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if nobody is interested in getting this deal? >> as dana pointed out, lots of house republicans would rather vote on something after the 1st than before. i haven't seen any indication from obama or the people around him that they are okay with going over the cliff. they really do seem to want to do something before the deadline. they seem desperate to do that. plenty of liberals say, go over the cliff. big cuts in the pentagon and big tax hikes. the white house, from all indications that i've seen, they don't want that to happen. they are scared of what could happen to the markets. >> why aren't they dalg dealing with boehner? dana, be go ahead. jumpb in here. >> i think they won their negotiating power once boehner last week failed. as dana pushed out, the only thing that can get boehner is to do something. >> reporter: i think that you're right when i said that democrats don't think that the president will have much political damage. that does seem to be coming more from democrats here in congress than in the white house. democ
if nobody is interested in getting this deal? >> as dana pointed out, lots of house republicans would rather vote on something after the 1st than before. i haven't seen any indication from obama or the people around him that they are okay with going over the cliff. they really do seem to want to do something before the deadline. they seem desperate to do that. plenty of liberals say, go over the cliff. big cuts in the pentagon and big tax hikes. the white house, from all indications that...
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Dec 29, 2012
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president obama is modestly optimistic. our chief white house correspondent jessica yellin has more on what needs to happen in order to make a deal. >> reporter: alison, christi, hi. the good news is things could have been worse. it doesn't seem to those of us watching from the sidelines as though time is running out, but congress does some of its best or at least its speediest work when the nation's back is against the wall. after a rare oval office meeting with top congressional leaders, the president said he's modestly optimistic a deal can come together. emphasis on "modestly." >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> reporter: both sides left an agreement, at least over their next step. >> we'll be, would go hard to try to see if we can get there in the next 24 hours. >> whatever we come up with is going to be imperfect. some people aren't going to like it. some will like it less, but that's where we are. >> reporter: on saturday
president obama is modestly optimistic. our chief white house correspondent jessica yellin has more on what needs to happen in order to make a deal. >> reporter: alison, christi, hi. the good news is things could have been worse. it doesn't seem to those of us watching from the sidelines as though time is running out, but congress does some of its best or at least its speediest work when the nation's back is against the wall. after a rare oval office meeting with top congressional...
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Dec 27, 2012
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president obama, he cut his christmas vacation short to deal with this crisis. he arrived back from hawaii just a short time ago, and the senate also returning to work today hoping to come up with some kind of agreement. but time is running out. jessica yellin, she has the latest from the white house. we've got dana bash following the developments on capitol hill. i want to start off with you, dana. what do we know about a possible compromise on the senate siepd what they might be proposed in fairly short order? >> compromise, i'm not so sure we'll see that. but i was told by a republican senator and democratic senator that the pr indicated before he left for hawaii that he, the president, is expected to send a piece of legislation up today with his scaled back tax plan. that's something that the president outlined in general terms on the friday before he left for hawaii and since then what we've been hearing from republicans, particularly mitch mcconnell's office is we can't talk about whether we can pass anything until we actually see the legislation. so our u
president obama, he cut his christmas vacation short to deal with this crisis. he arrived back from hawaii just a short time ago, and the senate also returning to work today hoping to come up with some kind of agreement. but time is running out. jessica yellin, she has the latest from the white house. we've got dana bash following the developments on capitol hill. i want to start off with you, dana. what do we know about a possible compromise on the senate siepd what they might be proposed in...
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Dec 27, 2012
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president obama comes back to washington to try to hammer out a deal with the senate, and we're hearing it may come down to the final minute of the year. >>> sticky gas pedals costing toyota $1 billion. the company's plan to put sudden acceleration allegations in their past and how you may we able to cash in on it even if you already sold your car. >>> a packed show ahead. congressman steven latourette of ohio, senator richard blumenthal of connecticut, plus the grinch. it's thursday, december 27th. "starting point" begins right now. >>> well, our starting point, a brutal winter storm battering the northeast and torturing holiday travelers all over the country. here it is on the radar. the system is expected to dump up to two feet of snow on central maine today. six states are under winter storm warnings, pennsylvania, new york, massachusetts, new hampshire, vermont, and of course maine. everyone there could see at least a foot of snow. more than 200,000 customers spanning several states are already without power. more than 1700 flights had to be cancelled yesterday, hundreds more have
president obama comes back to washington to try to hammer out a deal with the senate, and we're hearing it may come down to the final minute of the year. >>> sticky gas pedals costing toyota $1 billion. the company's plan to put sudden acceleration allegations in their past and how you may we able to cash in on it even if you already sold your car. >>> a packed show ahead. congressman steven latourette of ohio, senator richard blumenthal of connecticut, plus the grinch. it's...
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Dec 22, 2012
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and that was president obama's plan to make sure to do this, deal with the fiscal cliff in a balanced way, which included raising the top tax rates for those making more than $250,000 a year. and so i hope that the republicans remember what the american people have said or else they're not going to be in a good political position for a very long time. >> speaking of the republicans, amy, house speaker john boehner, he had his plan b which was going to allow for 1990 tax levels for millionaires. keeping tax breaks for others. but he couldn't get it passed. never even went to a vote. what do you think his future looks like? is he done as house speaker? >> well, goodness, i won't make predictions about the republican caucus and the house and their ideas who've they want to lead them. but i think also the president needs to understand who won elections on the other side of the aisle. this november, republicans were returned to the house to be in charge, to keep a break on some of this runaway spending that we've been seeing that's been going on with trillions in deficit. and i think that
and that was president obama's plan to make sure to do this, deal with the fiscal cliff in a balanced way, which included raising the top tax rates for those making more than $250,000 a year. and so i hope that the republicans remember what the american people have said or else they're not going to be in a good political position for a very long time. >> speaking of the republicans, amy, house speaker john boehner, he had his plan b which was going to allow for 1990 tax levels for...
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Dec 28, 2012
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so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people in the white house and treasury department don't want that to happen because they think the markets may freak out. already the markets are reacting to the news within the last hour. yesterday the markets dipped a little bit on reid's comments in the senate. so they are worried about the economy. i think purely politically, obama will be strengthened once we go over. >> ryan lizza, thank very much. it's going to be an interesting couple of days. >> yeah, it sure is. >> thanks, ryan. >>> weapons of war on the streets of los angeles. details of a shocking find in a gun buyback program. [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth i
so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people in the white house and treasury department don't want that to happen because they think the markets may freak out....
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do you think we're any closer to a deal at this point? >> i think there's no doubt that we are closer to a deal, but how much closer we'll know probably in the next 24 hours. it's interesting because in the last 20 hours, the silence that had pervaded capitol hill was completely changed after the president and the four congressional leaders he met with all announced that they're shifting negotiation tactics now to a group of two. two senators, mitch mcconnell and harry reid, the two party leaders in the senate, are going to be trying to find a way to get a deal today. we know their staff is talking. we don't expect actually any necessary meetings between those two leaders right away today. we think that their chiefs of staff are going to be on the phone, via e-mail. this reported from our producer, ted barrett. perhaps tonight they'll see if the leaders can sit down and get together something to present to their various caucuses. now as i said, it was silent until yesterday. then we heard many people speaking. again, we heard from preside
do you think we're any closer to a deal at this point? >> i think there's no doubt that we are closer to a deal, but how much closer we'll know probably in the next 24 hours. it's interesting because in the last 20 hours, the silence that had pervaded capitol hill was completely changed after the president and the four congressional leaders he met with all announced that they're shifting negotiation tactics now to a group of two. two senators, mitch mcconnell and harry reid, the two party...
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Dec 29, 2012
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and the majority leader to come up with a deal to troy to avoid falling over the fiscal cliff. want to bring in brian monroe, editor of cnn politics.com from san antonio, texas. brian, we all know what's at stake, especially that immediate 2% payroll tax increase in everyone's first paycheck of the year. it seems that the president used his bully pulpit to strongly encourage senators to get to work by sending a not so veiled message to themand their constituents. let's listen. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait till the last minute. we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. the economy's growing. but sustaining that trend is going to require elected officials to do their jobs. >> o'brien, as we mentioned, you're there deep in t
and the majority leader to come up with a deal to troy to avoid falling over the fiscal cliff. want to bring in brian monroe, editor of cnn politics.com from san antonio, texas. brian, we all know what's at stake, especially that immediate 2% payroll tax increase in everyone's first paycheck of the year. it seems that the president used his bully pulpit to strongly encourage senators to get to work by sending a not so veiled message to themand their constituents. let's listen. >> the...
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president obama and congressional leaders with trying to come up with this last-minute deal to avoid the so-called fiscal cliff, the massive tax increases and spending cuts to take place in four days. the president and vice president will be meeting with house speaker john boehner, minority leader nancy pelosi, senate majority leader harry reid, and minority leader mitch mcconnell. and watching all this, jessica yellin live at the white house. jess, what do we think is going to happen here? >> reporter: well, based on the expectations around town, the thought is the president and democrats will lay out an alternative, scaled-down proposal. and there will be discussions about what could be in the details of a proposal they could vote on, in theory, this weekend. the ideal outcome would be all the members agree to the terms of that deal. and then the two senators in the room agree that they can get their parties to bring it to a vote with no one filibustering it. and then on the house side, speaker boehner would agree that he will put it on the house floor for a vote on monday. and the
president obama and congressional leaders with trying to come up with this last-minute deal to avoid the so-called fiscal cliff, the massive tax increases and spending cuts to take place in four days. the president and vice president will be meeting with house speaker john boehner, minority leader nancy pelosi, senate majority leader harry reid, and minority leader mitch mcconnell. and watching all this, jessica yellin live at the white house. jess, what do we think is going to happen here?...
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Dec 28, 2012
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now only four days left and no deal in sight. that could change today, when president obama holds a meeting with all four congressional leader at the white house. we're not saying you should bet on it. let's bring in ron brownstein for "the national journal." >> good morning. >> good morning. we're talking about this whole idea of a fiscal cliff was absolutely not supposed to happen. >> this was a machine that the two sides built to give guy them more will power to do what they didn't want to do to begin with. which is compromise. they could not reach a deal to destabilize the federal government's long-term finances so they built this to put more pressure on themselves to reach a deal now. and even this does not seem to be enough to do it, to force them to make the difficult concessions that are required for the two sides to come together this is indignant of a broader problem we face of a red coalition and blue coalition that reflect very different visions of american and show less and less cooperation. we are looking at a divid
now only four days left and no deal in sight. that could change today, when president obama holds a meeting with all four congressional leader at the white house. we're not saying you should bet on it. let's bring in ron brownstein for "the national journal." >> good morning. >> good morning. we're talking about this whole idea of a fiscal cliff was absolutely not supposed to happen. >> this was a machine that the two sides built to give guy them more will power to...
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president obama catching a flight back to washington where there's doubt that a deal can get done in time. good morning, everybody, for a thursday morning. very early, 5:00 a.m. on the east coast. welcome to "early start." i'm alina cho. >> i'm drew griffin. john and zoraida are off today. it's 5:00 a.m. in the east. a deadly winter storm system slamming the northeast after hammering the nation's heartland. look at this radar, system serious snowmaker. it's packing destructive winds, six states under winter storm warnings right now. pennsylvania, new york, massachusetts, new hampshire, vermont and maine. all could see a foot of snow or more. more than 200,000 customers spanning several states already without power. 1,700 plus flights canceled yesterday. imagine that. hundreds more already taken off the board this morning. there are six deaths being blamed on the weather since tuesday and the threat hasn't passed yesterday. bonnie schneider, meteorologist checking the system from the cnn center in atlanta. first, we go to ennis standing by in miserable, snowy new york. it's a pretty p
president obama catching a flight back to washington where there's doubt that a deal can get done in time. good morning, everybody, for a thursday morning. very early, 5:00 a.m. on the east coast. welcome to "early start." i'm alina cho. >> i'm drew griffin. john and zoraida are off today. it's 5:00 a.m. in the east. a deadly winter storm system slamming the northeast after hammering the nation's heartland. look at this radar, system serious snowmaker. it's packing destructive...
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a deal. we think to the budget and debt ceiling debacle. neither john boehner and to some degree mitch mcconnell have the ability to go back to their caucuses and get them to rally behind a deal they make. has that changed or does this change as we get closer to the deadline? >> i think it will change closer to the deadline. it will require the leaders to talk to their caucuses and talk to these individual members of the senate and the house of representatives and understanding and underscoring the peril we place in the country at this moment in time and that we have to resolve these issues. american people should not count on a stalemate. we're here to do our jobs in washington and we're seeing this failure demonstrated time and again because of ideological and political and philosophical stubbornness. what about the entire country? what about the good of the country? that's what's at stake for america, and i think that members of congress individually and collectively are responsible and th
a deal. we think to the budget and debt ceiling debacle. neither john boehner and to some degree mitch mcconnell have the ability to go back to their caucuses and get them to rally behind a deal they make. has that changed or does this change as we get closer to the deadline? >> i think it will change closer to the deadline. it will require the leaders to talk to their caucuses and talk to these individual members of the senate and the house of representatives and understanding and...
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Dec 26, 2012
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president obama is coming back to washington to try to reach a deal on avoiding the fiscal cliff. he now has less than a week until automatic tax hikes and sending cuts go into effect and the way out of this mess isn't clear. here's our senior congressional correspondent, dana bash. >> lisa, house republican leaders who are home for christmas held a conference call this afternoon to talk about when the house should come back in session. two gop sources tell me they did not make a decision. it's still up in the air. a reason for that is, if anything can get done in the next six days, the ball is in the senate's court. >>> the capital is a ghost town. the halls are empty, neither chamber in session. an eerie calm, since the fiscal cliff, only the congress has the power to avert, is less than one week away. at their homes for the holiday, the senate democratic leaders are trying to figure out if the president's scaled back bill, keeping middle class tax cuts in place, can pass congress at the 11th hour. >> there is absolutely no reason, none, not to protect these americans from a tax
president obama is coming back to washington to try to reach a deal on avoiding the fiscal cliff. he now has less than a week until automatic tax hikes and sending cuts go into effect and the way out of this mess isn't clear. here's our senior congressional correspondent, dana bash. >> lisa, house republican leaders who are home for christmas held a conference call this afternoon to talk about when the house should come back in session. two gop sources tell me they did not make a...
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if he goes back and stars to negotiate with president obama and tries to bring back the deal at this conference cannot accept again, the danger to him does arise. from what i was told thursday night, he gave a well-received speech to the conference. he said, i did not have the votes. his speech was well-received by them. he is well liked by those members. as of right now, he is not in in any immediate danger right now. depending on -- he is not in any immediate danger right now. host: will call on our line for independents. caller: i have hit some number crunching. these entitlements get to me. i have prayed $182,000 in social security over my working years. if you add taxes to it, it is 376,000. at 62, if i can retire, i would have paid $840,000. at 64, i would receive 8020 -- 18 $200. the-$8,200. -- $8,200. that is not entitlements. that is what is owed to people who have worked all their lives. i think if these people put us over the cliff, it is treason. guest: i am not sure what numbers those are. host: it seems that his basic concern is that he would not get out of it when he h
if he goes back and stars to negotiate with president obama and tries to bring back the deal at this conference cannot accept again, the danger to him does arise. from what i was told thursday night, he gave a well-received speech to the conference. he said, i did not have the votes. his speech was well-received by them. he is well liked by those members. as of right now, he is not in in any immediate danger right now. depending on -- he is not in any immediate danger right now. host: will call...
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president obama says $250,000 -- maybe i think $350,000 is the line, maybe someone else $150,000 -- we can meet somewhere and cut down -- cut the road somewhere in the middle. and save this country from the uncertainty, the uncertainty that plagues us right now. in the olden days, a long time ago, i was a stockbroker. i was an economics major and a stockbroker on wall street. the thing wall street and investors cannot take is uncertainty. if they no taxes are going up, they will be figure things. if they no taxes are going down, they will figure things. if they now taxes are staying the same, they will figure it out. right now it they are frozen -- they do not know. families are also in many ways frozen. they do not know whether they have to budget so that they will have $2,000 less next year. they do not know whether it will be $4,000. they do not now. the uncertainty is the fault of leaders who cannot get together. i think it is critical that we get a deal. i hope in the next couple of hours. to me -- somebody asked me, what is the difference if you get it now or five days from now?
president obama says $250,000 -- maybe i think $350,000 is the line, maybe someone else $150,000 -- we can meet somewhere and cut down -- cut the road somewhere in the middle. and save this country from the uncertainty, the uncertainty that plagues us right now. in the olden days, a long time ago, i was a stockbroker. i was an economics major and a stockbroker on wall street. the thing wall street and investors cannot take is uncertainty. if they no taxes are going up, they will be figure...
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they are dealing with a perception that somebody might accuse them of raising taxes. merry christmas, everyone. thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> later, on friday, president obama met with harry reid and house speaker john boehner in been predicted to reporters that he would sign a bill before january, extending tax cuts for most americans. his brief remarks came as congress left without a vote on what would take effect next year. this is just under 10 minutes. >> good afternoon, everybody. for the last few weeks, i have been working with the leaders of both parties on a proposal to get our deficit under control, to avoid tax cuts -- to avoid tax hikes on the middle-class. and to make sure we can spur jobs and economic growth. a balanced proposal that cuts spending, but also ask the wealthiest americans to pay more, a proposal that will strengthen the middle class over the long haul, and our economy over the long haul. in the course of these i still believe that reducing our d
they are dealing with a perception that somebody might accuse them of raising taxes. merry christmas, everyone. thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> later, on friday, president obama met with harry reid and house speaker john boehner in been predicted to reporters that he would sign a bill before january, extending tax cuts for most americans. his brief remarks came as congress left without a vote on...
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host: any deal is likely to be limited. guest: we have heard about the talks between president obama and john boehner. a grand deal that would include some changes to social security, medicare, cuts in defense spending potentially as well. talking $4 trillion -- we are talking $4 trillion in 10 years. they have to come back in 2013 and talked about changes to social security, medicare and address the debt ceiling. host: we have some comments from our facebook page. they reflect the frustration we are seeing. guest: after the election, we heard the president and top republicans say the election is behind us and we can get down to do in the country's business. they both pledged by partisanship. that evaporated within days. everyone is back in their corner blaming the other side and not making much progress at all. business is retrenching. families are holding back on spending. host: why is compromise so difficult? guest: the with the primary system works has carved out the bit.e kila little they get blown back much more quick
host: any deal is likely to be limited. guest: we have heard about the talks between president obama and john boehner. a grand deal that would include some changes to social security, medicare, cuts in defense spending potentially as well. talking $4 trillion -- we are talking $4 trillion in 10 years. they have to come back in 2013 and talked about changes to social security, medicare and address the debt ceiling. host: we have some comments from our facebook page. they reflect the frustration...
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dealing with what i think is the rise of islamic terrorism throughout the region. what happens when gaddafi failed, we allow the situation to deteriorate, and rice and clinton spoke about intervening. that is something to put in the plus column, and they pushed the administration to get involved and not let benghazi be overrun by gaddafi. happens is when you do not get involved you allow the situation to go on long car and it allows extremist groups to have a larger say. what happened in libya is the extremists lost at the ballot box, but in benghazi there was no libyan government to deal with the militia groups, pro and con, and the groups we were relying on were unreliable. the al qaeda militia groups were growing in strength. i worry about iraq. i worry that we fumbled the ball inside the 10-yard line. the surge did work. it did work. we have political progress and an increasingly good security environment. we have no troops in iraq today. i believe before long there will be a fight between the kurds and the arabs, and i were about our diplomats in iraq, and i t
dealing with what i think is the rise of islamic terrorism throughout the region. what happens when gaddafi failed, we allow the situation to deteriorate, and rice and clinton spoke about intervening. that is something to put in the plus column, and they pushed the administration to get involved and not let benghazi be overrun by gaddafi. happens is when you do not get involved you allow the situation to go on long car and it allows extremist groups to have a larger say. what happened in libya...
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Dec 22, 2012
12/12
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i am a point of getting a big deal done. i am and republican, but obama won. democrats controlled to search. you have to give them a little bit. we are not going to get anything done. he wants to wait another year and revisit this. he already proposed we wait another year. nothing will get done in the next congress if there is another cliff coming up a year from now. let it go over the cliff. if i were a representative for a senator, i would go home so they go into effect forever. we have some trouble with his innocence. let it go over and let all the serious players in congress get a deal done. when people start playing the best paying a lot more money and moving their defense -- start paying a lot more money and moving their defense contracts, people will pay attention. guest: this is the interesting thing to me about the american electorate. i cannot tell you how many people and listen to have the same viewpoint as this gentleman. they say a pox on both of their houses. they are acting like children. they should have coal in all of their stockings. then you
i am a point of getting a big deal done. i am and republican, but obama won. democrats controlled to search. you have to give them a little bit. we are not going to get anything done. he wants to wait another year and revisit this. he already proposed we wait another year. nothing will get done in the next congress if there is another cliff coming up a year from now. let it go over the cliff. if i were a representative for a senator, i would go home so they go into effect forever. we have some...
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Dec 28, 2012
12/12
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. >> they debate the status of reaching a deal on the fiscal cliff. senator mcconnell mountains a phone call received from president obama while he was in hawaii. this is 15 minutes. >> you will excuse me if i am frustrated in the situation i find myself in. president obama, self and others and asked if there was something we could do to avoid in the fiscal clef. we have been asking the president and the democrats to work with us on a bipartisan agreement for months. a plan that would simplify the tax code, st. the deficit, protect the tax payers, and put the economy. democrats consistently rejecting the offer is. the president chose instead to spend time on the campaign trail. this was after he got reelected. a congressional democrats said on their hands. we have stepped away out of our comfort zone. we wanted an agreement. we had no takers. the phone never rang it. here we are five days after the new year and we might finally start talking. democrats have had a year to put forward a balanced bipartisan proposal. if they had something that fixed the
. >> they debate the status of reaching a deal on the fiscal cliff. senator mcconnell mountains a phone call received from president obama while he was in hawaii. this is 15 minutes. >> you will excuse me if i am frustrated in the situation i find myself in. president obama, self and others and asked if there was something we could do to avoid in the fiscal clef. we have been asking the president and the democrats to work with us on a bipartisan agreement for months. a plan that...
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Dec 30, 2012
12/12
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you see your leaders not the deal they are talking about is identical to the deal president obama talked about the day after the election. the time in between has been wasted. guest: maybe they will be voting on a package academical -- the frustration is in your voice. i had a number of wall street clients. i can tell you from talking to them that there was a qualitative change in their tone and in their attitude about what was happening. host: you work as a financial communications and national director. that is with corvis communications. guest: thank you for mentioning that. clients of thought there was something going to happen. that has changed. my only question is, what took them so long? the signs have been there all year that a deal at the end of the year would be more difficult. host: while we're talking about what we do, explain what the concord coalition is. guest: we are nonpartisan coalition educating the public about this responsibility and our fiscal challenges. guest: if we go over the cliff, it is not the end of the discussion. it is important that people not lose hope o
you see your leaders not the deal they are talking about is identical to the deal president obama talked about the day after the election. the time in between has been wasted. guest: maybe they will be voting on a package academical -- the frustration is in your voice. i had a number of wall street clients. i can tell you from talking to them that there was a qualitative change in their tone and in their attitude about what was happening. host: you work as a financial communications and...
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Dec 26, 2012
12/12
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often i hear from businessmen complain about dealing with obama. they love to do that. not only in complaining about obama but they say that america is losing. america is not losing. all the brains inside this thing which did not exist six years ago is really american brains. the software, the conceptualization. i know it's made in china or korea, but it's american innovation. the pieces are there. it's a matter of putting them together. the reason i'm so disappointed in this administration and the bush administration is because they have been willing to settle for so little. there's no reason this economy cannot grow at 6%. all the pieces are there. the gentleman in massachusetts emt would not. be broke all the not minimum wage is $7.50. i don't believe in the minimum wage, an ocean they can get somebody for $7.50 tells me america is not working the way contraptions like this say it should. -- the notion. guest: well, nobody really wants to go over the cliff when it comes to the military. president obama is in a box. he sees china for what it is from the point of view
often i hear from businessmen complain about dealing with obama. they love to do that. not only in complaining about obama but they say that america is losing. america is not losing. all the brains inside this thing which did not exist six years ago is really american brains. the software, the conceptualization. i know it's made in china or korea, but it's american innovation. the pieces are there. it's a matter of putting them together. the reason i'm so disappointed in this administration and...
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Dec 30, 2012
12/12
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the deal they are talking about is identical to the deal president obama talked about the day after the election. the time in between has been wasted. guest: maybe they will be voting on a package academical -- the frustration is in your voice. i had a number of wall street clients. i can tell you from talking to them that there was a qualitative change in their tone and in their attitude about what was happening. host: you work as a financial communications and national director. that is with corvis communications. guest: thank you for mentioning that. clients of thought there was something going to happen. that has changed. my only question is, what took them so long? the signs have been there all year that a deal at the end of the year would be more difficult. host: while we're talking about what we do, explain what the concord coalition is. guest: we are nonpartisan coalition educating the public about this responsibility and our fiscal challenges. guest: if we go over the cliff, it is not the end of the discussion. it is important that people not lose hope or assume that what happe
the deal they are talking about is identical to the deal president obama talked about the day after the election. the time in between has been wasted. guest: maybe they will be voting on a package academical -- the frustration is in your voice. i had a number of wall street clients. i can tell you from talking to them that there was a qualitative change in their tone and in their attitude about what was happening. host: you work as a financial communications and national director. that is with...
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Dec 24, 2012
12/12
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caller: it does influence me somewhat but not so much now -- this time with obama. the reason why i say it does a little bit, you have to have a conscience when you deal with anything. especially when you make decisions for other people than yourself, you have to have a conscience. what i found very strange about the questions that have been calling into the show lately, they all keep trying to fault one person for the people since. i don't believe in abortion but i am pro-choice because it is not my choice to condemn anybody for doing a sin to themselves. god will judge them. i should never put my beliefs on somebody else and then judge of them. host: you said that religion is affecting your political decisions less lately and you said what their reelection of president obama. can you explain that a little bit more? caller: say it again? host: you said earlier religion is impacting your political decisions less this time around. why is that? caller: not less -- i said now that what is happening is people are judging our presidents on the laws and things he may or m
caller: it does influence me somewhat but not so much now -- this time with obama. the reason why i say it does a little bit, you have to have a conscience when you deal with anything. especially when you make decisions for other people than yourself, you have to have a conscience. what i found very strange about the questions that have been calling into the show lately, they all keep trying to fault one person for the people since. i don't believe in abortion but i am pro-choice because it is...
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Dec 30, 2012
12/12
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the deal they are about to vote on is identical to the deal president obama talked about the day after the election. all that has passed since then is time and various arguments back and forth. nothing fundamental has changed. they will be voting on a package almost identical to what they were going to do. guest: maybe they will be voting on a package that is similar. the frustration is clear in your voice. i have a number of wall street clients. from talking to them this week, there was a qualitative change in their tone and attitude. host: you worked as a financial communications national director with corvis. guest: the client wanted to believe something was going to happen. as of last monday, that attitude started to change. analysts were starting to downgrade what was happening. my only question was what took them so long. the signs have been there all year that a deal at the end of the year was going to be difficult. it turned out to be even more difficult than i assumed. guest: we are in non-partisan grass-roots organization devoted to educating the public about fiscal issues. g
the deal they are about to vote on is identical to the deal president obama talked about the day after the election. all that has passed since then is time and various arguments back and forth. nothing fundamental has changed. they will be voting on a package almost identical to what they were going to do. guest: maybe they will be voting on a package that is similar. the frustration is clear in your voice. i have a number of wall street clients. from talking to them this week, there was a...
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Dec 29, 2012
12/12
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obama. host: and what does this have to do with the senate negotiating a fiscal of deal? caller: let me tell you something. if you go to the website listed on the left and upper side, united states -- each tax coming out of each state is going towards the or. -- war. i believe all of these politicians, mayors, governors should take a half cut pay to pay down the deficit. host: we are going to move on to darwin on the line for independents. caller: it is like the pentelikon, back in 1968 i was even fighting with the pentagon over budgets. you always had to have everything kept the same. nobody was going to change anything because next year there were going to pop everything by 10%. they told you got to worry because you would get 10% more. that goes all the way back to 1968. they just keep dwelling on one thing over and over again. i would like to know from the boston globe or the herald is asking for pictures of -- host: let's move on to del on the line for democrats. caller: this is an outrage that they cannot tax the wealthy by an additional 4%. this is the lowest tax r
obama. host: and what does this have to do with the senate negotiating a fiscal of deal? caller: let me tell you something. if you go to the website listed on the left and upper side, united states -- each tax coming out of each state is going towards the or. -- war. i believe all of these politicians, mayors, governors should take a half cut pay to pay down the deficit. host: we are going to move on to darwin on the line for independents. caller: it is like the pentelikon, back in 1968 i was...
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Dec 28, 2012
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. >> any deal is likely to be limited. explain what that means. >> we've been hearing about the talks with president obama and speaker boehner athat they were looking at the grand bargain that would include tax increases and changes to social security, changes to medicare, cuts in defense spending potentially as well. we're talking $3 to $4 trillion in changes over years. now it's going to be modest and that may include changes to the tax code. but they're going to have to come back in 2013 no matter what and talk about changes in med sare and social security and address the debt ceiling as well. host: these are two comments and they reflect the frustration in the country. how is the bickering back and forth solving anything fplgt all government spending should be on the table for spending reform. and the other viewer says obama and the other i had yots until the white house are doing what they do best, talk. guest: right after the election we heard them say the election is behind us, we can put down our swords and get dow
. >> any deal is likely to be limited. explain what that means. >> we've been hearing about the talks with president obama and speaker boehner athat they were looking at the grand bargain that would include tax increases and changes to social security, changes to medicare, cuts in defense spending potentially as well. we're talking $3 to $4 trillion in changes over years. now it's going to be modest and that may include changes to the tax code. but they're going to have to come back...
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Dec 28, 2012
12/12
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look, barack obama, as best has he can try to square this circle and make it right is dealing with a party that is basically, degenerating him to obama hatred. that is not me, back in 2008 he said and i quote, the republican is less and less like a traditional party. it is more like an cult than anything barack obama he does is the end of the world. >> what do you think is going to happen in the next two days? do you think they will reach an agreement? >> i'm not sure. i hope they do. obama ran on we're not raising taxes. now, income is a weird thing. i mean, look, i can make $250,000 in income as a working person and my taxes will go up. but if i was mitt romney the ex-presidential loser who made $15 million based on -- what is it tax deferred investments then my taxes won't go up a bit. the republican party is not interested in helping this country they are helping a narrow sliver. >> we're going to leave it there. we're going to keep continuing coverage bringing you updates from the white house or the floor of the capitol. we heard from president obama earlier from the white house
look, barack obama, as best has he can try to square this circle and make it right is dealing with a party that is basically, degenerating him to obama hatred. that is not me, back in 2008 he said and i quote, the republican is less and less like a traditional party. it is more like an cult than anything barack obama he does is the end of the world. >> what do you think is going to happen in the next two days? do you think they will reach an agreement? >> i'm not sure. i hope they...
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Dec 25, 2012
12/12
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. >> i want to know president obama said "homeland" is his favorite show. my question is when you're dealing with live, real people who you are portraying or in the case of "homeland" or "24" when you're trying to deal with agencies that you are representing, what is that interaction like? we were talking a little bit in the room next door, maybe you can answer michael, how is tony blair's perception changed as a result of those films or the queen's perception changed in the minds of the public then we can talk about "homeland" and "24"? >> there are many things that you realize that you are working with when you do a film or a tv show that is -- has so much political emphasis. and one of the things is inevitably you come up against the agenda of people in terms of the agendas they have for looking at and judging politicians and public figures. which in my experience people tend to be more comfortable looking at things black and white and you want people to fit into a certain box so you can judge them against other people and make a choice and all that. and
. >> i want to know president obama said "homeland" is his favorite show. my question is when you're dealing with live, real people who you are portraying or in the case of "homeland" or "24" when you're trying to deal with agencies that you are representing, what is that interaction like? we were talking a little bit in the room next door, maybe you can answer michael, how is tony blair's perception changed as a result of those films or the queen's...
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Dec 25, 2012
12/12
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for some people on the far right, the idea that mitch mcconnell would make a deal with obama could be acceptable. you have 10 or more republican senators who say they are willing to do business with president obama in terms of approving an increase in the marginal tax rates. if that is the case, if you could get them to pass some kind of bill and then send it on to the house, and all boehner said was i will allow a vote, and you have democrats and some republicans feeling pressure joining in, you could get a bill done. host: rick is from massachusetts on our independent line. caller: good morning. i have a problem with the president. he is the most divisive individual who has come to power in this country for a long time. he completely denied his white relatives and blames all the problems on white men by buying the votes of the lower earners in this country by saying it is not your fault. he promised to bring this country to gather. what happened? guest: i am surprised. upper income people voted for president obama. what is clear and true is if you look at white men, white men are ov
for some people on the far right, the idea that mitch mcconnell would make a deal with obama could be acceptable. you have 10 or more republican senators who say they are willing to do business with president obama in terms of approving an increase in the marginal tax rates. if that is the case, if you could get them to pass some kind of bill and then send it on to the house, and all boehner said was i will allow a vote, and you have democrats and some republicans feeling pressure joining in,...
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Dec 29, 2012
12/12
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. >> now senate majority leader harry reid and mitch mcconnell talk about working on a deal to avoid the so-called fiscal cliff. they spoke on the senate floor after a meeting with the white house with president obama and leaders from the house. >> what the plan is that everyone knows we have been to the white house, we have had a constructive meeting. we certainly hope that something positive will come from that. the republican leader and i and our staffs are working to see what we can come up with. we should not take a long time to do that. i think it would be to everybody's interest if we were not in session tomorrow. my plan to comment at 1:00, we have an hour on our previous agreement that we have. there is an hour of debate on that, we have a vote. we have another vote that has been set up, that is a simple majority. that you are talking about sunday? >> yes. >> we will probably start those votes a little after 2:00. and then for us, we will have another caucus. hopefully by that time, we will have made a determination whether we can do something on the floor in addition to wha
. >> now senate majority leader harry reid and mitch mcconnell talk about working on a deal to avoid the so-called fiscal cliff. they spoke on the senate floor after a meeting with the white house with president obama and leaders from the house. >> what the plan is that everyone knows we have been to the white house, we have had a constructive meeting. we certainly hope that something positive will come from that. the republican leader and i and our staffs are working to see what we...
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Dec 29, 2012
12/12
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whatever deal he would have struck with the obama administration assert he has failed and would not have been able to get sufficient votes or he would have relied so heavily on democratic votes to do so that he ran the risk of an insurrection. there is a meeting during the whole showdown over the debt ceiling in which some of honor's closest allies that in the speaker's office and said to him, john, if you come back with the teal the fashion with obama that doesn't get more than 100 posts or so, canters already started a whisper campaign against you. we saw it happen with speaker gingrich and it can happen to you. honor took that to heart and what are they from the deal shortly after that. >> interplay between the leadership of the public site, but i have to ask this based on what she said. the president was initially not the record interview to "the des moines register" editorial board seeking an ultimately did not get endorsement of that paper. one of the things he said was deeply cheap to get hit a grand bargain struck on the debt ceiling if he were reelected on november the sixth. it
whatever deal he would have struck with the obama administration assert he has failed and would not have been able to get sufficient votes or he would have relied so heavily on democratic votes to do so that he ran the risk of an insurrection. there is a meeting during the whole showdown over the debt ceiling in which some of honor's closest allies that in the speaker's office and said to him, john, if you come back with the teal the fashion with obama that doesn't get more than 100 posts or...
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Dec 29, 2012
12/12
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a ground part and based on what you say may not be possible if obama wins under any circumstances. >> this is outside of the book but i will do it anyway because i've been doing general election for the times. talking to jim messina the campaign manager of the obama campaign and david axelrod and rahm emanuel and stephanie cutter and asking them you know, how would the next years under obama, given that the house composition -- >> is almost certainly going to be similar. >> how will things be different and uniformly their answer, in other words the talking point, was that the fever will break, that the american people if they vote for president obama for another four years will basically be voting against obstructionist and the republicans will get the message and they will walk in a sultry fashion toward the center of. >> i can see that happening at all. >> no, no and if that is her talking point and they are siding with the. >> are you optimistic to say that governor romney would have one that there is and you waiting for him after he gets into office? >> no, no i'm not and i wrote
a ground part and based on what you say may not be possible if obama wins under any circumstances. >> this is outside of the book but i will do it anyway because i've been doing general election for the times. talking to jim messina the campaign manager of the obama campaign and david axelrod and rahm emanuel and stephanie cutter and asking them you know, how would the next years under obama, given that the house composition -- >> is almost certainly going to be similar. >>...
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Dec 27, 2012
12/12
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president obama and the senate back in washington today trying to get some kind of a deal done, that is what they say, but nothing will likely come in time. harry reid spent the day moaning about how bad of a speaker john boehner is good the house is set to return sunday afternoon just one day before the end of the year. nearly 90% of americans will be hit with $500 billion in tax hikes and spending cuts. as we head off a cliff, what can you and your family expect come january 2? president of the american action reform joins me now. so, windows narrowing, what can we expect from here? >> if we literally go on autopilot and they fail to change course, i am worried about the economy. some sharp equity market attractions, consumer confidence has already begun, lots and lots of notices sent out, layoffs scaring people to death. this is not a good news story for anybody looking for a job. gerri: the clock keeps on taking. the cover of "the new york post," pretty amusing. off the fiscal cliff, this is really going to hurt. i think everybody can relate to that one. for taxpayers, $500 billi
president obama and the senate back in washington today trying to get some kind of a deal done, that is what they say, but nothing will likely come in time. harry reid spent the day moaning about how bad of a speaker john boehner is good the house is set to return sunday afternoon just one day before the end of the year. nearly 90% of americans will be hit with $500 billion in tax hikes and spending cuts. as we head off a cliff, what can you and your family expect come january 2? president of...
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Dec 24, 2012
12/12
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lori: is there any hope for a deal? are you the last man there? >> a staff is here. the staff is in this but all eyes are on the senate when it returns this thursday to try and get a deal to avoid getting off a cliff the past friday before the president left for the holiday, he proposed a limited measure to avoid all of the cliff when speaker john boehner plan b. got scuttled. the president wants to extend the bush tax cuts and avoid some of the deep spending cuts. white house spokesperson says discussions continue between the administration and capitol hill. in july you may recall senate democrats passed an extension of the middle-class tax codes for the year. those folks making less than $250,000 per year at a cost of 157 billion. also passing the alternative minimum tax for $92 billion. mitch mcconnell is critical to hammering out a deal because he can filibuster any legislation, but his spokesman told me this morning nothing new to report. we don't know what senator reid plans to bring to the senate for a vote. >> truth of the matter is if we do fall off the clif
lori: is there any hope for a deal? are you the last man there? >> a staff is here. the staff is in this but all eyes are on the senate when it returns this thursday to try and get a deal to avoid getting off a cliff the past friday before the president left for the holiday, he proposed a limited measure to avoid all of the cliff when speaker john boehner plan b. got scuttled. the president wants to extend the bush tax cuts and avoid some of the deep spending cuts. white house...
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Dec 22, 2012
12/12
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to drink some eggnog, ng some careless, maybe reached the fiscal cliff deal. how speaker ohn boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays, and congress is out for the holidays. the president saying that putting pressure began on republicans, house republicans, to least extend tax cuts for the middle class. tha
to drink some eggnog, ng some careless, maybe reached the fiscal cliff deal. how speaker ohn boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some...
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Dec 27, 2012
12/12
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we have to decide what to do with the bush tax cuts.o -- we have to decide to deal with a trillion dollars of obamacare increases.llars of obamacare very few people are talkingre's about this come a trillion dollars of tax increases obama and the democrats passed before th be last election and 90% of those tax hikes were delayed, conveniently. the president got himself safelyse reelected.ion and then we have the massive spending, $8 trillion in debt obama is running up over the next decade. republicans have several schools. right now they have very little leverage onra this debate over e fiscal cliff because that stuff happens automatically, but the idea of a debt ceiling increasef they told obama more than once if you want a trillion dollars, you will need that eight times in the next decade they will have to cut spending a trillion have to cut spending a trillion eric: i'm a republican, congressman, senator tax pledge to not raise taxes. teo if somebody approaches me and says here is a bill that says if youhi sign this we will cut taxn for 98%, how can you say no to that? my point is thi
we have to decide what to do with the bush tax cuts.o -- we have to decide to deal with a trillion dollars of obamacare increases.llars of obamacare very few people are talkingre's about this come a trillion dollars of tax increases obama and the democrats passed before th be last election and 90% of those tax hikes were delayed, conveniently. the president got himself safelyse reelected.ion and then we have the massive spending, $8 trillion in debt obama is running up over the next decade....
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Dec 27, 2012
12/12
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so the deal could come at any time. if you want to be optimistic i think republicans are realizing how much leverage they have with the sequester. these are automatic spending cuts. the obama doesn't want them. this is leverage point for republicans. adam: you're an economist. we're journalists and we're only good for free drinks. are we going over the cliff? >> i think it is undeniable the economy falls into recession if we do go over the fiscal cliff. even chairman bernanke was very clear on this point telling everyone if the economy goes over the fiscal cliff even the fed itself does not have you have enough tools to go over against the impact. in terms of lack of investment and in terms of businesses closing their doors and remaining sidelined still for quarters going into 2013. adam: well, lindsey, you again are an economist. which is worse, the spending cut from the sequestration or the tax increase? which hits us, 310 million of us are american citizens. which hits us worse? >> well generally when we talk about t
so the deal could come at any time. if you want to be optimistic i think republicans are realizing how much leverage they have with the sequester. these are automatic spending cuts. the obama doesn't want them. this is leverage point for republicans. adam: you're an economist. we're journalists and we're only good for free drinks. are we going over the cliff? >> i think it is undeniable the economy falls into recession if we do go over the fiscal cliff. even chairman bernanke was very...
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president obama meeting with the leaders at the white house. misreporting going on that the president had a new deal, looked like progress was made. no. the president had the same deal that republicans walked away from about a week ago, if you call it a deal, the deal is that he won't tax people higher above the 400,000 mark. shibani: the meeting still going on, rich edson live at the white house with the latest details. what do we know now, rich? >> what we got from an administration official, that president obama offered what he detailed in the speech a week ago keeping tax rates where they are for families earning less than $250,000 a year, extending long term unemployment insurance policy, and that bit of detail he gave a week ago in a speech is basically derived from the larger deficit proposal offered over, really, the last couple years as president of the united states. we're waiting whether or not in the meeting, lasting an hour at the white house, started at 3:10, is whether or not they made progress towards changing that proposal in a
president obama meeting with the leaders at the white house. misreporting going on that the president had a new deal, looked like progress was made. no. the president had the same deal that republicans walked away from about a week ago, if you call it a deal, the deal is that he won't tax people higher above the 400,000 mark. shibani: the meeting still going on, rich edson live at the white house with the latest details. what do we know now, rich? >> what we got from an administration...
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that -- to support him, give him the deal. he's not been ableo do that. so we're caught. >> throughout this process it seems president obama has moved to the goalpost. first it was $600 billion then -- remember when the debt ceiling, what started this mess was a breakdown in the debt ceiling negotiation. we were trying to figure out how to fix the debt. supereconomy. >> president obama says $600 billion, boehner was ready to sign and he said maket 800. >> the problem now was the problem we had then about whether or not boehner would have had the votes. the numbers they come to are close now, basically $500 billion. it's close on both sides. so we should be able to get a deal. if boehner could get the support and votes he wants. >> sir, listen, there's a bill sitting in the senate that the house already passed waiting for the senate to pass and they said no. >> that -- we're talking about a deal that's fair and negotiated by both sides. boehner has been trying. to his credit. i just wish he would get support from colleagues. >>
that -- to support him, give him the deal. he's not been ableo do that. so we're caught. >> throughout this process it seems president obama has moved to the goalpost. first it was $600 billion then -- remember when the debt ceiling, what started this mess was a breakdown in the debt ceiling negotiation. we were trying to figure out how to fix the debt. supereconomy. >> president obama says $600 billion, boehner was ready to sign and he said maket 800. >> the problem now was...
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perhaps a scaled down deal from president obama? >> yeah. i believe we need a big deal, but the more likely possibility, at this point, is it's really focused on a tax deal where they come up with some number between what speaker boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both houses. adam: the numbers were something like the president at one point was willing to raise his baht -- bottom line to 400,000. if that's the deal, can you guys, can the men and women in our political leadership pass something before midnight, december 31? >> well, i think so. i mean, and you're going exactly the right direction. if you take what's been put on the table, you got the senate bill, you got the house bill, and you got what president obama and speaker boehner talked about, somewhere in the middle, i think, is a deal we could pass before year e
perhaps a scaled down deal from president obama? >> yeah. i believe we need a big deal, but the more likely possibility, at this point, is it's really focused on a tax deal where they come up with some number between what speaker boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both...
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as president obama returns to the nation's capital to try to find some sort of deal on the fiscal cliff. we are also getting late word that senate majority leader harry reid will hold a news conference at 3:00 p.m. eastern time. this all comes on the heels that senator reid may be said we are going over the fiscal cliff. stocks now every 15 minutes. the "wall street journal" out with some retailers to watch in 2013. nicole: let's start off with harry reid's comments that we may go over the fiscal cliff. as a result, we are seeing a lot of down arrows. there is a market that started off in the green and then read. that is the action that we are seeing. getting to the retailers, there are a lot of retailers that have had a lot of headlines and in many cases have been struggling. jcpenney would be one of them. down nearly 5% on the day. they have been a big loser. you had ron johnson come over from apple. the "wall street journal" talked about a few retailers. four of them, to be exact. including best buy. that would be another one. radioshack. and also sears. these are the four names we h
as president obama returns to the nation's capital to try to find some sort of deal on the fiscal cliff. we are also getting late word that senate majority leader harry reid will hold a news conference at 3:00 p.m. eastern time. this all comes on the heels that senator reid may be said we are going over the fiscal cliff. stocks now every 15 minutes. the "wall street journal" out with some retailers to watch in 2013. nicole: let's start off with harry reid's comments that we may go...
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president obama cutting short his vacation with time running out for a deal. chris: one bright spot in this negativity, housing. home prices up in most major cities. shiboni: top of the hour. stocks every 15 minutes. nicole petallides on the floor of the stock exchange. wall street also souring on a mention of this deal . carolyn: on the tour before the with half-day of trading, stock market closed at 1:00 eastern time. it was quite evident, let's call a spade a spade, up one day before christmas they're not doing anything. certainly doesn't look like they will get done quickly and even proposed it may move right into the middle of january and figure out a way to extend and get that done at that point. the fiscal cliff remains, the woes remain, the worry and uncertainty remain on wall street which makes it hard for wall street to take off. it leave the wild card and that is not a good thing for the stock market. today is a lighter day of trading. we have a long weekend, the first is another day off. the dow jones industrials are 13,106 so dropped 0.4% and can
president obama cutting short his vacation with time running out for a deal. chris: one bright spot in this negativity, housing. home prices up in most major cities. shiboni: top of the hour. stocks every 15 minutes. nicole petallides on the floor of the stock exchange. wall street also souring on a mention of this deal . carolyn: on the tour before the with half-day of trading, stock market closed at 1:00 eastern time. it was quite evident, let's call a spade a spade, up one day before...
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everybody gets to vote for a tax cut, obama tax cuts but they are tax cuts. >> here's the deal. it was president obama, he has to realize he won the election but the house of representatives, the republicans won the house of representatives. and he has to go back and turn the negotiations and, one thing, the republicans will not allow for a tax increase and are like that defensive line, the go line and, basically president obama cannot get in, and there is -- what we know is the republicans have agreed to increasing tax revenue but we need to have the spending cuts. if we don't get them under control, what will happen is, we are seeing consumer sentiment is done and businesses uncertain and the economy will stay sluggish and not grow. >> rick: richard, last word, 20 seconds. does the president move at all on entitlements and spending cuts republicans are demanding? >> my forecast is, we'll end up with increased taxes after january 1. for people making $500,000 and over and again, most republicans east see that as a cut and i think the president put spending cuts, medicare, medic
everybody gets to vote for a tax cut, obama tax cuts but they are tax cuts. >> here's the deal. it was president obama, he has to realize he won the election but the house of representatives, the republicans won the house of representatives. and he has to go back and turn the negotiations and, one thing, the republicans will not allow for a tax increase and are like that defensive line, the go line and, basically president obama cannot get in, and there is -- what we know is the...
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every time bainner and obama gets close to a deal, obama moves the goalpost back. >> because he's playing hardball. he's going, republicans, i don't care about that, i get that for free. he's kind of the guy that came to play and staunch for his side. >> the american people, when you look at the policy, they think it's president obama who is willing to compromise. >> because he's able to fit it in. because he hasn't conceded anything. >> and who are the obstructionists? who is afraid to move? it's my ideology, i can't negotiate. and even if we go off the cliff we endanger the whole economy. >> again, the idea of add hearing to a principle sadly in this world is seen as extremist, which is trying to limit government and cutting taxes. what obama has been able to do is shift the argument from cutting and spending to now spending and borrowing. cutting is even part of it. >> we have to leave it there. coming up, it's the day after christmas. you know what that means? all the bad kids going bad. [laughter] >> let's tell you what the finalist got from santa. and this woman said she was fired f
every time bainner and obama gets close to a deal, obama moves the goalpost back. >> because he's playing hardball. he's going, republicans, i don't care about that, i get that for free. he's kind of the guy that came to play and staunch for his side. >> the american people, when you look at the policy, they think it's president obama who is willing to compromise. >> because he's able to fit it in. because he hasn't conceded anything. >> and who are the obstructionists?...
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every time boehner an obama get close to a deal, president obama moves the goalpost back. >> kimberly: he is playing hard ball. this is the problem. he is going hmm to you, republicans. i don't care about that. that is nothing. i get that for free. he is the guy changing the play for his side. what about the right? >> juan: the american people. look at the poll, they think president obama is willing to compromise. >> andrea: which is ironic. [ overtalk ] >> juan: who are the obstructionists? it's my ideology, i can't negotiate. even if we go off the cliff, endanger the whole economy. >> greg: here is thing. the idea of adhering to a principle in this world is seen as extremism, trying to limit government and cutting taxes. what obama is able to do is shift the argument from cutting and spending to now spending and borrowing. cutting is part of it. >> eric: leave it there. coming up, the day after christmas. you know what that means? all the bad gifts are going back. tell you what the five of us got from san. the plus, this woman says she was fired from her job for from being too sexy.
every time boehner an obama get close to a deal, president obama moves the goalpost back. >> kimberly: he is playing hard ball. this is the problem. he is going hmm to you, republicans. i don't care about that. that is nothing. i get that for free. he is the guy changing the play for his side. what about the right? >> juan: the american people. look at the poll, they think president obama is willing to compromise. >> andrea: which is ironic. [ overtalk ] >> juan: who are...
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obama leaves office. this is the time to deal with this issue. we've been kicking it down the road ten years. we promised the nation in 2011 under the budget deal with the sequesters we would not let this get away from us. we shouldn't this time. for mr. obama to suggest i've cut a trillion in spending because he saved money on the wars in afghanistan is gimmicks. they a work. >> i have to be honest, it's both sides. it strikes me these lawmakers on either side don't have a real fix to what we're looking at, the national debt, screaming out of control. we're going to exceed that limit on monday night. >> i wouldn't disagree but look at the facts. we did have a republican controlled congress that passed a bill. if reid didn't like the bill, let it go for debate. let his senate vote it down and say no, we're not going to accept these conditions. >> let me ask you this, then. interesting question. president obama gets his own deal, sends it over to the republicans, they have the same dilemma. >> well, they may. but i think you would at least see a f
obama leaves office. this is the time to deal with this issue. we've been kicking it down the road ten years. we promised the nation in 2011 under the budget deal with the sequesters we would not let this get away from us. we shouldn't this time. for mr. obama to suggest i've cut a trillion in spending because he saved money on the wars in afghanistan is gimmicks. they a work. >> i have to be honest, it's both sides. it strikes me these lawmakers on either side don't have a real fix to...
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even with john boehner were to come to obama with a deal, john boehner is being held host and by members of his own caucus who won't let him do that. boehner can work with democrats to get it passnd and throw some of his support with the democrats to get it passed but the problem for john boehner is he has an election coming up for his own leadership position on january 3 and he is afraid to do that. >> laura: again, and i understand why julie is saying this because the republicans don't have a ton of leverage here, stephen. >> they don't. >> they have very little leverage. >> all of the taxes go up, lawyer, a as you know, on january 2. >> is it that bad for president obama if we go over the cliff, oh, throw the nation into recession and lose all these jobs but he views everything through a political lens does he not? >> he does. >> laura: i think they made the calculation this won't hurt them one bit and they have gotten the peg on the tea he party and boehner or something. >> the president has said that by the way of the negotiations and john boehner made the statement the other day th
even with john boehner were to come to obama with a deal, john boehner is being held host and by members of his own caucus who won't let him do that. boehner can work with democrats to get it passnd and throw some of his support with the democrats to get it passed but the problem for john boehner is he has an election coming up for his own leadership position on january 3 and he is afraid to do that. >> laura: again, and i understand why julie is saying this because the republicans don't...
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every time boehner an obama get close to a deal, president obama moves the goalpost back. >> kimberly: he is playing hard ball. this is the problem. he is going hmm to you, republicans. i don't care about that. that is nothing. i get that for free. he is the guy changing the play for his side. what about the right? >> juan: the american people. look at the poll, they think president obama is willing to compromise. >> andrea: which is ironic. [ overtalk ] >> juan: who are the obstructionists? it's my ideology, i can't negotiate. even if we go off the cliff, endanger the whole economy. >> greg: here is thing. the idea of adhering to a principle in this world is seen as extremism, trying to limit government and cutting taxes. what obama is able to do is shift the argument from cutting and spending to now spending and borrowing. cutting is part of it. >> eric: leave it there. coming up, the day after christmas. you know what that means? all the bad gifts are going back. tell you what the five of us got from san. the plus, this woman says she was fired from her job for from being too sexy.
every time boehner an obama get close to a deal, president obama moves the goalpost back. >> kimberly: he is playing hard ball. this is the problem. he is going hmm to you, republicans. i don't care about that. that is nothing. i get that for free. he is the guy changing the play for his side. what about the right? >> juan: the american people. look at the poll, they think president obama is willing to compromise. >> andrea: which is ironic. [ overtalk ] >> juan: who are...
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we can get a deal now. we'll be able to work this they go talk to president obama and hairy reid, come back to say, sorry we're not atloud work the deal. they didn't want to deal then. they don't want a deal now. it worked out well for them not to allow a deal last time. they blamed us last year. them and it worked and got go over the cliff? blame republicans. not let the senate pass anything. we get away with it, again. >> allmúwu right. here is the quandry l dilemma. congressman> i think it does. the house acted. we acted on august 1 last week rejecting a proposal from
we can get a deal now. we'll be able to work this they go talk to president obama and hairy reid, come back to say, sorry we're not atloud work the deal. they didn't want to deal then. they don't want a deal now. it worked out well for them not to allow a deal last time. they blamed us last year. them and it worked and got go over the cliff? blame republicans. not let the senate pass anything. we get away with it, again. >> allmúwu right. here is the quandry l dilemma. congressman> i...
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this looked like president obama coming back with the same deal at 250. they are miles apart. >> kimberly: you were able to speak to people on the hill. what was your reaction? >> andrea: the president spread the stories that he will come to the table with a deal. swan dive off the fiscal cliff, hold your nose. we're going off. president obama wants to us go off hecht will come back with a largeer plan. the obama tax cut. then he will be able to reintate across-the-board sequestration cuts. 8.2% across the board. cut defense and health. they will be able to reintate a lot of programs and give his caucus the opportunity to say look, i am voting for something. i am voting to restore tax cuts for the middle class. voting to restore great thin things. republicans are in a tough position. no one will say vote to restore the tax cut for rich. this is his game plan from day one. >> eric: what is the a terptive? $250,000 and above? we see obama not oftenning cuts at all. looking for spending. >> kimberly: managing the message very well. conciliatory. >> andrea: b
this looked like president obama coming back with the same deal at 250. they are miles apart. >> kimberly: you were able to speak to people on the hill. what was your reaction? >> andrea: the president spread the stories that he will come to the table with a deal. swan dive off the fiscal cliff, hold your nose. we're going off. president obama wants to us go off hecht will come back with a largeer plan. the obama tax cut. then he will be able to reintate across-the-board...
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>> it depends if he turns into bill clinton or remains barack obama. clinton understood his legacy, was what was important and he would be remembered as somebody who was good on the economy, as a democrat. guess what? he wasn't a typical democrat. he was forced to change. a lot of it had to do with the fact that the congress changed. we have divided government. if the president wants the same old, same old, he will get t. the republicans won't cave. it's equal branchings of government. they control two-thirds and it takes three to tango, the senate, white hussein. >> eric: terrific debate. >> heather: who is leading in the tango, that's what we don't know. congressional leaders are trying to come up with that deal, with less than two days before massive tax hikes and spending cuts kick in and small businesses are already being affected. companies have no idea how much more they are going to owe uncle sam next year. that is affecting how they are doing business right now. we have those details from the new york city newsroom. >> reporter: many small, ow
>> it depends if he turns into bill clinton or remains barack obama. clinton understood his legacy, was what was important and he would be remembered as somebody who was good on the economy, as a democrat. guess what? he wasn't a typical democrat. he was forced to change. a lot of it had to do with the fact that the congress changed. we have divided government. if the president wants the same old, same old, he will get t. the republicans won't cave. it's equal branchings of government....
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>> yeah, there is a pretty good chance because president obama has gotten involved in this a little bit. what they are doing is the fall-back plan they have come upon is to extend the current deal, the current level of subsidies and price supports for six, nine months and then try to figure out something after that. so they don't want to see -- you know, late january come and people being -- paying $7 a gallon for milk. that's not going to happen. they are going to come up with some deal. there are two real problems -- >> let me stop you there. is that -- what you point out, they are not taking care of it. they are not doing their job. they are pushing it off for six months, which is their m.o., but go ahead. >> two big problems. one is the dysfunctional congress, they can't agree about some sensible farm policy. everybody would like to fix this antiquated, subidr side price support system, but they can't agree how to do it. but there is a problem of basic insanity of the system, where the government is supporting this over production of milk and dairy products and buying up large parts
>> yeah, there is a pretty good chance because president obama has gotten involved in this a little bit. what they are doing is the fall-back plan they have come upon is to extend the current deal, the current level of subsidies and price supports for six, nine months and then try to figure out something after that. so they don't want to see -- you know, late january come and people being -- paying $7 a gallon for milk. that's not going to happen. they are going to come up with some deal....
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. >> president obama for his part said he is optimistic a deal can still be reached. he spoke at the white house friday before leaving for hawaii where he is now. but at the same time the president acknowledging there might not be time for any kind of a grand bargain. he scaled back his goals and pushing not for the big deal, but for middle class tax cut and extended benefits. a larger deal wouldn't be that hard to reach. >> what we ought to do is take speaker boehner's last offer, the president's last offer and split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion that will be done. that would be close to the $4 trillion needed to stabilize the debt and to begin to bring it down. >> and if no action is taken by the end of the year taxes go up for everybody. back to you, eric. >> we have to see. the clock is ticking. >> tick, tick, tick. more on the fiscal cliff negotiations. i am joined by congressman peter king from new york who is involved. congressman, great to have you here. >> great to be here. >> happy holid
. >> president obama for his part said he is optimistic a deal can still be reached. he spoke at the white house friday before leaving for hawaii where he is now. but at the same time the president acknowledging there might not be time for any kind of a grand bargain. he scaled back his goals and pushing not for the big deal, but for middle class tax cut and extended benefits. a larger deal wouldn't be that hard to reach. >> what we ought to do is take speaker boehner's last offer,...
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president obama wants us to go off. he is going to come back with a larger plan, the obama tax cuts. then he will be able to reinstate those across-the-board sequestration cuts to gut things like defense, national institutes of health. he will be able to reinstate a lot of programs and give his caucus the opportunity to say, look, i am voting for something and to restore tax cuts for the middle class. i am voting to restore the great things. and the republicans are going to be in a really tough position because no one's going to say, let's vote to restore the tax cuts for the rich. this is his game plan from day one. >> what's the alternate sniff $250,000 and above -- everything we see -- obama is not offering cuts at all. he is lock looking for spending. >> he is managing the message. so it seems like he's being conciliatory. boehner hassen a lot of heat. he has taken a ton of slack on this. he was given a tential hand of cards. but he came to the table. he tried to at least bring something to the floor. mitch mcconnel
president obama wants us to go off. he is going to come back with a larger plan, the obama tax cuts. then he will be able to reinstate those across-the-board sequestration cuts to gut things like defense, national institutes of health. he will be able to reinstate a lot of programs and give his caucus the opportunity to say, look, i am voting for something and to restore tax cuts for the middle class. i am voting to restore the great things. and the republicans are going to be in a really tough...
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president obama wants us to go off. he is going to come back with a larger plan, the obama tax cuts. then he will be able to reinstate those across-the-board sequestration cuts to gut things like defense, national institutes of health. he will be able to reinstate a lot of programs and give his caucus the opportunity to say, look, i am voting for something and to restore tax cuts for the middle class. i am voting to restore the great things. and the republicans are going to be in a really tough position because no one's going to say, let's vote to restore the tax cuts for the rich. this is his game plan from day one. >> what's the alternate sniff $250,000 and above -- everything we see -- obama is not offering cuts at all. he is lock looking for spending. >> he is managing the message. so it seems like he's being conciliatory. boehner hassen a lot of heat. he has taken a ton of slack on this. he was given a tential hand of cards. but he came to the table. he tried to at least bring something to the floor. mitch mcconnel
president obama wants us to go off. he is going to come back with a larger plan, the obama tax cuts. then he will be able to reinstate those across-the-board sequestration cuts to gut things like defense, national institutes of health. he will be able to reinstate a lot of programs and give his caucus the opportunity to say, look, i am voting for something and to restore tax cuts for the middle class. i am voting to restore the great things. and the republicans are going to be in a really tough...
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coming up, president obama pushing congressional leaders to strike a fiscal cliff deal before it's too late. so far, though, neither side have put forward a deal that will pass both houses. so what will it take to get members lined up behind a yes vote, kelly? >> kelly: might be a prayer. >> heather: do you have a plan? >> kelly: how about a prayer. and before you count down to 2013, you may want to break out some champagne and st. sparkling wine. "consumer reports" is here with the best bubbly for your buck with the spark miles card from capital one, thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] a body at rest tends to stay at rest...
coming up, president obama pushing congressional leaders to strike a fiscal cliff deal before it's too late. so far, though, neither side have put forward a deal that will pass both houses. so what will it take to get members lined up behind a yes vote, kelly? >> kelly: might be a prayer. >> heather: do you have a plan? >> kelly: how about a prayer. and before you count down to 2013, you may want to break out some champagne and st. sparkling wine. "consumer reports"...
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get a long-term budget deal done massive automatic spending cuts are triggered. do you know what the slap to address the cliff. >> raise taxes on the rich people. >> every time it comes on the radio or the news i turn it off. >> raise taxes on the rich which i think will fund government for like a week. >> are you worried about your taxes going up? >> i actually hope the fiscal cliff happens. let's push it off the cliff and do it. >> do you know who john boehner is? >> no. >> the tan guy. he cries a lot? >> he cries a lot? poor thing. i would, too, if he was the speaker of the house. >> do you know who john boehner is? >> i have seen him. we use the same tanning bed. >> the fiscal cliff. are you afraid? >> very worried, indeed. >> i'm scared of heights, so. >> are you nervous? >> i think you are making me nervous. ♪ feels just like i'm falling for the first time ♪ >> just the day before the painful spending cuts take place, the bush tax cuts expire. that is why they call it the fiscal cliff. president obama wants to let the taxes go up on the so called rich g
get a long-term budget deal done massive automatic spending cuts are triggered. do you know what the slap to address the cliff. >> raise taxes on the rich people. >> every time it comes on the radio or the news i turn it off. >> raise taxes on the rich which i think will fund government for like a week. >> are you worried about your taxes going up? >> i actually hope the fiscal cliff happens. let's push it off the cliff and do it. >> do you know who john...
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Dec 29, 2012
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>> yeah, there actually is a pretty good chance because president obama has gotten involved in this a little bit and i think what they are are doing is the fallback plan that they have come upon is to just extend the current deal and level of subsidies or price supports for six or nine months and try to figure out something after that. they don't want to see late january come and people paying $7 a gallon for milk. so that is just not going happen so they will come up with some deal but there are two real problems here. >> greta: let me just stop you there. is that what you point out is that they are not taking care of it, they are not doing their job, just pushing it off for six months which is their m.o., but go ahead. >> two big problems. one is the dysfunctional congress and they can't come to an agreement about some sort of sensible farm followcy and everybody would like to actually fix this antiqueiated expensive subsidy price support system but can't agree on how to do it. there is that problem and kind of the basic insanity of the system where the government is support, the ov
>> yeah, there actually is a pretty good chance because president obama has gotten involved in this a little bit and i think what they are are doing is the fallback plan that they have come upon is to just extend the current deal and level of subsidies or price supports for six or nine months and try to figure out something after that. they don't want to see late january come and people paying $7 a gallon for milk. so that is just not going happen so they will come up with some deal but...
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Dec 28, 2012
12/12
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a deal. they didn't want a deal then, they don't want a deal now. it worked out well for them not to allow a deal last time. they blamed us all last year. the mainstream media helped them, and it worked. he got re-elected. so they figure why not go over the cliff, blame republicans, not let the senate pass anything, we get away with it again. >> all right. here's, then, the quandary, the morale dilemma, congressman huelskamp. for the republicans, it was interesting when speaker boehner brought up plan b and in the house they said we aren't going to go along with it. we made a promise not to raise taxes and address the spending issues. in principle pell it's the right thing. now it will come back at some point, will the republicans hold the line on the principles that they ran on or do you expect that maybe many of them will cave? could me i think the american people would like principled leadership. does that exist? >> i think it does. the house acted. we acted on august is 11th and last week
a deal. they didn't want a deal then, they don't want a deal now. it worked out well for them not to allow a deal last time. they blamed us all last year. the mainstream media helped them, and it worked. he got re-elected. so they figure why not go over the cliff, blame republicans, not let the senate pass anything, we get away with it again. >> all right. here's, then, the quandary, the morale dilemma, congressman huelskamp. for the republicans, it was interesting when speaker boehner...